Most economists would be best advised to stay clear of Las Vegas after their wayward bets on last year’s recession. According to a survey from the Financial Times, 85 percent of economists polled predicted a recession in 2023. Back at it in 2024, 76 percent are now leaning toward a recession, according to a December survey from the National Association of Business Economics, with 40 percent saying it will start in Q1 and another 24 percent betting on Q2. Many point to job layoffs, a potential end to buoyant stock market runs, a lack of regional bank liquidity, and commercial office space vacancies playing a role in these…
